Gold, inflation, India, China

Living part of the year for the last 20 years in India, I just wanted to mention that here, when indian farmers sell their crop, they buy gold. The reason is simple: 10% inflation. My tailor was buying zippers for 12 rupees last year, they are at 18 rupees this year, foodstuff same story. Now China and India total over 2 billion people with that mentality of buying hard assets. No wonder gold is bought on each and every retracement. So buying the best junior miners like LYD does make sense.